The Nurse Manager Has Created a List of To-Do's and Things

question 9

Multiple Choice

The nurse manager has created a list of to-do's and things she will need for the new unit that is being built. On a piece of paper, she has plotted out the following information in a rough draft: New unit: supplies, labour, equipment, inspection, building permits. Also included in this list is a list of new equipment needed for the nurses, including updating equipment needs on the floor. The cost of the equipment expenses for the nurses totalled $2,000.00.
Budgets have to be made. Looking at the above information, the nurse knows that the unit will have to create two budgets, and she identifies them as

• A) capital and operating budgets.
• B) capital and construction budgets.
• C) operating and construction budgets.
• D) construction and scorecard budgets.

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Definitions:

Operating Business

An active entity engaged in commercial, industrial, or professional activities to generate profit.

Gross Profit

Gross Profit is the financial gain obtained after deducting the cost of goods sold from the total revenue, indicating the efficiency of a company's core business activities.

Net Profit

The amount of money that remains from revenues after all operating expenses, taxes, and interest have been subtracted.

Shelf Positioning

The strategy of placing products on store shelves in a way that maximizes visibility and sales potential.